When you are first starting out in the commercial real estate business things can be tough. There are
different problems that you may run into that need multiple people working on.
We all need help at times. We are all human; there is always
room for mistakes. They may notice something that we may not have thought of.
In the commercial real estate
business, you can get overwhelmed very quickly. Having people in your corner
can help alleviate a lot of issues you run into. Having a solid foundation is
the best way to combat those issues.
Commercial real estate seminars are your first stop. If you
are not working on a project currently that you should be going to every
seminar there is. Whether you can find one once a month or you can find one
every weekend you need to be visiting them. Make your name known. Network with
people, find common interests and use them to your advantage. It is sad to say,
but in this day and age, a lot of your worth is determined by what you can do
for another person.
Make sure that you
have something that you could potentially use as leverage. That being said you
do not want to come off to people as a person that just wants something. Try to
make people feel as though they mean more to you than their title. Learn names,
find out what how their child’s little league team is doing. One thing that
people hate the most is a user. Build an organic relationship, and you should
be fine. Eventually, you will meet different people that share the same vision
as you, and believe or not, vision can outweigh money.
Some people you can expect at a commercial real estate seminar
Often you can find a lot of people that you may not have
thought would attend seminars. For example, on any given visit you could find a
commercial real estate attorney or a
contractor. The number of people you can run into are endless. While a seminar
is that best place to start, you could always go out and find these people.
Cold calling does not have a huge success rate, but if you
do it right you can possibly find someone that you could add to your team. It
does, however, take a lot of time emailing and calling people. If you are bold
enough you could also just show up to their office. There are some things to
take into consideration, though. For example, you do not want to just show up
to a commercial real estate
attorney’s office. Adversely you could potentially walk up to a rehab site and
try to find the contractor.
sure you do not cut corners when it comes to building your commercial real estate team
Do not go the cheap route when trying to find people that
could possibly help you. If you are not good with numbers make sure you find a commercial real estate accountant.
Someone whose job revolves around the numbers. Do not hire contractors that use
shoddy materials or equipment to complete the projects they have, as well. Make
sure there is a mutually symbiotic relationship between you and your team.
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.
Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.